Who wants to be a Brazilianaire?

As the old world of finance comes to terms with the mistakes of the past, the future unfurls on the sun-drenched beaches of Brazil. Confidence abounds within the Brazilian private equity sector and the usual boom-market hangers on. Welcome to the world of the Brazilianaires.

Who wants to be a Brazilianaire?

There comes a time in every investment cycle where one asset class captures the zeitgeist. It becomes a shorthand for the market and a way of capturing everything that went on. What the railroad debentures were to the 19th century, the mutual funds and conglomerates were to the 1960s, the dot.com start-ups were to the 1990s and the hedge funds to the 2000s. What these asset classes all shared was the triumph of greed over fear the unshakeable belief in...

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